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Sep 8, 2011
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the executive shuffling comes after warren buffett invested billions in b. of a. and during efforts to settle lawsuits over bad mortgages. righting the ship. it's a task bank of america c.e.o. brian moynihan was tapped to do as 2009 came to a close. at that time, the bank was taking heat for its handling of the financial crisis and its acquisitions of one-time mortgage giant countrywide financial and legendary investment banking house merrill lynch. the countrywide buy-out continues to haunt b. of a. it was sued last week by a federal housing regulator over losses on $32 billion in securities backed by soured mortgages. the majority of those mortgages came from countrywide. moynihan's latest management shuffle and restructuring effort is dubbed "new b.a.c." gone are star wealth manager sallie krawcheck from the merrill division, also out, head of consumer banking and small business banking joe price. independent banking analyst ken thomas says one risk of the changes is they may create a new crisis of confidence in management. >> i'm afraid there could be a potent
the executive shuffling comes after warren buffett invested billions in b. of a. and during efforts to settle lawsuits over bad mortgages. righting the ship. it's a task bank of america c.e.o. brian moynihan was tapped to do as 2009 came to a close. at that time, the bank was taking heat for its handling of the financial crisis and its acquisitions of one-time mortgage giant countrywide financial and legendary investment banking house merrill lynch. the countrywide buy-out continues to haunt b....
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(laughter) >> jon: is warren buffett a socialist? you have no [bleep] clue what socialist is, do you. hey, that george clooney always banging different broads what a year. (laughter) -- what a queer. (laughter) >> jon: so closing a few corporate tax loopholes and returning the top marginal tax rate to the 90s economic boom time levels is class warfare. and if there's one thing the rich have learned, it's that class warfare is hell. >> he invoked the corporate jet class. >> so that's a whole new category of people to demonize, right. >> soak the rich, it's their fault. >> barack obama's tax on these evil, disgusting corporate jet owners. >> demonizing the rich as evil, as lazy, as inheriters of their wealth. >> he's saying fat cats. >> it's disappointing. it's class warfare and the kind of language you would expect from a leader of a third-world country, not the president of the united states. >> jon: true, because united states of america is not a third-world country. by any measure. except perhaps income in equality where we rank--
(laughter) >> jon: is warren buffett a socialist? you have no [bleep] clue what socialist is, do you. hey, that george clooney always banging different broads what a year. (laughter) -- what a queer. (laughter) >> jon: so closing a few corporate tax loopholes and returning the top marginal tax rate to the 90s economic boom time levels is class warfare. and if there's one thing the rich have learned, it's that class warfare is hell. >> he invoked the corporate jet class....
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Sep 27, 2011
09/11
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. >> susie: a big buy today for billionaire warren buffett. his berkshire hathaway launched a rare stock buyback. berkshire's board has authorized the company to repurchase an indefinite amount of stock and it is willing to pay up to 10% more than book value for the shares. as of june 30, berkshire's book value was $98,716 per class "a" share. so, the company could pay as much as $108,000 a share. the buyback comes just seven months after buffett told shareholders, "not a dime of cash has left berkshire for dividends or share repurchases during the past 40 years." berkshire has over $40 billion in cash on hand, even after last month's $5 billion investment in bank of america. but the company says it will halt any buybacks if its cash pile drops below $20 billion. berksihre hathaway "a" shares rose over $8,100 a share today to close at $108,449. motley fool senior analyst joe mayger owns berkshire stock and says at this price, the company offers investors a bargain. >> i think it's easy to read into this that buffett thinks that stocks at large
. >> susie: a big buy today for billionaire warren buffett. his berkshire hathaway launched a rare stock buyback. berkshire's board has authorized the company to repurchase an indefinite amount of stock and it is willing to pay up to 10% more than book value for the shares. as of june 30, berkshire's book value was $98,716 per class "a" share. so, the company could pay as much as $108,000 a share. the buyback comes just seven months after buffett told shareholders, "not a...
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Sep 13, 2011
09/11
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diane eastabrook, "nightly business report," chicago. >> suzanne: it looks like warren buffett has a new golden child. the berkshire hathaway c.e.o. today hired little-known hedge- fund manager ted wescheler. wescheler will work with todd combs managing part of berkshire's massive investment portfolio, and the two will run those investments when buffett retires. the company said, with both men on board, "berkshire is well- positioned for successor investment management at the time mr. buffett is no longer c.e.o." here's the most interesting part of the story: wescheler paid to have lunch with buffet after winning the billionaire's annual charity luncheon two years in a row. tom, clearly he impressed buffett with more than just his table manners. >> obviously with that investment in that auction lunch lots of return on that investment for that investment manager, no doubt about it, suzanne. you mentioned the late day comeback on the markets with nick. let's get rolling with tonight's market focus. the day began with big european worries washing ashore again here in the states, but by
diane eastabrook, "nightly business report," chicago. >> suzanne: it looks like warren buffett has a new golden child. the berkshire hathaway c.e.o. today hired little-known hedge- fund manager ted wescheler. wescheler will work with todd combs managing part of berkshire's massive investment portfolio, and the two will run those investments when buffett retires. the company said, with both men on board, "berkshire is well- positioned for successor investment management at...
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and not just warren buffett henry blodgett was a multimillionaire hold on. in our blood tax group yeah yeah so a tax grew like henry book who by the way is also a lifetime registered republican even he came out in the news last week and said you know the rich have a debt to this country they can afford to pay it and they should i would also remind david lucan that the bush tax cuts well they affected all income filers over the last ten years of the of the bush tax cuts and income filey between twenty thousand and thirty thousand saved ten dollars a year well income earners above million saved four hundred thousand so it's very clear who benefits from those tax cuts and like henry blocks of the idea that those tax cuts create jobs and trickle down is baloney. mike you want to jump in there the big issue here is clearly yeah clearly everyone along the spectrum is benefiting but most of the tax cuts have gone to the very wealthy and i would say the biggest issue here is that capital gains are taxed at fifteen percent so. the very wealthiest are paying you know
and not just warren buffett henry blodgett was a multimillionaire hold on. in our blood tax group yeah yeah so a tax grew like henry book who by the way is also a lifetime registered republican even he came out in the news last week and said you know the rich have a debt to this country they can afford to pay it and they should i would also remind david lucan that the bush tax cuts well they affected all income filers over the last ten years of the of the bush tax cuts and income filey between...
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ok i think in my first in boston warren buffett says he's being hobbled by. a congress that is controlled by billionaires is he being coddled and all our other billionaires being coddled and should be paying more in taxes. absolutely you know responsible wealth has been making this point for about ten years now. that the bush tax cuts need to go quickly for upper income folks. more than half of those bush tax cuts went to people in the top five percent like our members and there are people who realize that we want investment in our country that the government investment in education and infrastructure etc is really important for business for a healthy economy and that having more money in their hands doesn't necessarily make a healthy economy. you know so. it's long since time that we should get rid of those those bush tax cuts ok david if i go to you in washington we just heard that. if you if you have these tax cuts these bush tax cuts it doesn't necessarily mean they're going rich people are going to grow the economy doesn't necessarily mean they're going
ok i think in my first in boston warren buffett says he's being hobbled by. a congress that is controlled by billionaires is he being coddled and all our other billionaires being coddled and should be paying more in taxes. absolutely you know responsible wealth has been making this point for about ten years now. that the bush tax cuts need to go quickly for upper income folks. more than half of those bush tax cuts went to people in the top five percent like our members and there are people who...
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Sep 26, 2011
09/11
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warren buffett's secretary sant be paying a lower tax rate than warren buffett. somebody making $50,000 a year as a teacher shouldn't be paying a hire o'hare rate than somebody like myself or jeff who has been blessed. i don't know what you make -- jeff, but i'm guess who have been blessed by the incredible opportunities of this country. i say that because, whenever america has moved forward it is because we've moved forward together. we have to make sure that we are laying the foundation for the success of future generations and that means that each of us are doing our part to make sure we are investing in our future. with that, thank you so much for the terrific venue. i look forward to a bunch of great questions live and through whatever other -- >>> you are watching the president's town hall for linkedin. the jeff he spoke of is the ceo of linkedin on stage moderating with him on this. >> we are streaming the president's town hall meeting right now on abc7news.com so you are not going to miss a thing. we invite you to share your comments at facebook. >> the p
warren buffett's secretary sant be paying a lower tax rate than warren buffett. somebody making $50,000 a year as a teacher shouldn't be paying a hire o'hare rate than somebody like myself or jeff who has been blessed. i don't know what you make -- jeff, but i'm guess who have been blessed by the incredible opportunities of this country. i say that because, whenever america has moved forward it is because we've moved forward together. we have to make sure that we are laying the foundation for...
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i'm warren buffett's secretary and i pay a higher tax rate than my billionaire boss i'm warren buffett's secretary warren buffett's secretary i have three kids make forty thousand dollars a year and i contribute a greater percentage of my income and many billionaires and millionaires most americans want congress to raise taxes on the wealthy but the g.o.p. refuses to do it while i call congress and tell them restrictions on millionaires and billionaires so all americans pay their fair share you get the message to call congress. it's time for a daily poll your chance to tell us what you think here's the day's question will the buffett rule get passed your choices are yes we will tax the oligarchy or no that's class warfare in america as warren buffett said it's his class the rich that's what any i'm going to tell marva dot com let us know what you think the poll will be open until tomorrow morning. crazy alert move over birth errors there are l. walls in iceland according to a new report out of the university of iceland a majority of icelanders believe in elves sixty two percent of respon
i'm warren buffett's secretary and i pay a higher tax rate than my billionaire boss i'm warren buffett's secretary warren buffett's secretary i have three kids make forty thousand dollars a year and i contribute a greater percentage of my income and many billionaires and millionaires most americans want congress to raise taxes on the wealthy but the g.o.p. refuses to do it while i call congress and tell them restrictions on millionaires and billionaires so all americans pay their fair share you...
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Sep 18, 2011
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>> i don't really have a beef with warren buffett. if he thinks that he's paying unfairly low taxes, largely because he takes advantage of capital gains, and then puts his money into foundation so he he doesn't pay taxes on the capital gains and gets a he deduction on the money that he contributes, i think that would be entirely appropriate that he pay those taxes. >> paul: so, what is your -- what about you? you don't -- you say you wrote the piece, very interesting, that 80, 90% of your income this year would go for taxes of one kind or another. >> it's a slightly lower number. i get to it because not only the current years state and federal income tax burden and fica and the like, also at age 72, my life expectancy is not great and i would expect to pay estate taxes soon. and the sum of those, too, end up to be a high number. >> paul: here is one of the points that buffet makes of the capital gains taxes he acknowledges he pays a lot of on dividends, those are taxed at a lower rate, 15% now, than on income from wage earners taxed a
>> i don't really have a beef with warren buffett. if he thinks that he's paying unfairly low taxes, largely because he takes advantage of capital gains, and then puts his money into foundation so he he doesn't pay taxes on the capital gains and gets a he deduction on the money that he contributes, i think that would be entirely appropriate that he pay those taxes. >> paul: so, what is your -- what about you? you don't -- you say you wrote the piece, very interesting, that 80, 90%...
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Sep 24, 2011
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. >> neil: you absolutely love warren buffet. >> i love warren buffett. >> if he thought the bank was going to be insolvent or even if there's a remote chance he would not have put his money there. he's a very smart guy and trust him ahead of moody's any day of the week. >> but, ben. >> well capitalized and great shape. >> and the fact they had to give him a deal. and at these levels, why are they doing that? >> they want to be better capitalized. they're well had-capitalized and they want to get more capitalized. >> neil: adam, get into that. >> well, in a way things are far better than 2008 for the american banks in particular and this is key, the capital levels are higher. that means they're in a safer position. they're not in threat of going down, as charlie correctly said. going down by which i mean dying. on the other hand what we're seeing to answer your questions, charles, these banks are trying to shore themselves up, shore up the balance sheets, but the businesses are bad. >> why are they bad? >> and they're laying off workers, and this economy and-- >> you've been reporting
. >> neil: you absolutely love warren buffet. >> i love warren buffett. >> if he thought the bank was going to be insolvent or even if there's a remote chance he would not have put his money there. he's a very smart guy and trust him ahead of moody's any day of the week. >> but, ben. >> well capitalized and great shape. >> and the fact they had to give him a deal. and at these levels, why are they doing that? >> they want to be better capitalized....
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Sep 25, 2011
09/11
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warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there's no justification for it. it is wrong that in the united states of america, a teacher, a nurse or a construction worker who earns $50,000, should pay higher tax rate than somebody pullingn 50 million dollars. >> a very busy week for the media began with the president pitching his latest tax plan, citing what is now referred to as the buffett rule. so, let's start there. the media theme, judy, seems to be that the, you know, it's time to soak the rich and ask them to pay more money, but the rich do pay an awful lot of taxes. >> right, it's true. it was very interesting, the disconnect between the media and the people. the american people seem to like this speech, but boy, the media certainly didn't and some of the most stallwart liberal columnists deserted the president on this and said, you know, hey, wait a minute, this is not what we wanted, this isn't what we had signed up for. so, it was an odd week. >> jon: jim, the president, the line he keeps using about warren buffett's
warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there's no justification for it. it is wrong that in the united states of america, a teacher, a nurse or a construction worker who earns $50,000, should pay higher tax rate than somebody pullingn 50 million dollars. >> a very busy week for the media began with the president pitching his latest tax plan, citing what is now referred to as the buffett rule. so, let's start there. the media theme, judy, seems to...
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buffett's secretary should pay a higher tax rate than warren buffett and then the president turned his sights on republicans who've already made their opposition to tax increases on the rich well known. it is wrong that in the united states of america a teacher or a nurse or a construction worker who earns fifty thousand dollars should pay higher tax rates than somebody pulling in fifty million dollars anybody who says we can't change the tax code to correct that they want to assign some plates to protect every single tax loophole so long as they live they should be called out they should have to defend that unfairness and if their place to keep that kind of unfairness in place. they should remember the last time i checked the only pledge that really matters the pledge we take up old constitution but those same republicans preempted the president's speech by going on t.v. yesterday and parroting the same old right wing talking point class warfare take it away. we tax investment in job creation more you will get less of it and like i said this is this looks like to me and not a very goo
buffett's secretary should pay a higher tax rate than warren buffett and then the president turned his sights on republicans who've already made their opposition to tax increases on the rich well known. it is wrong that in the united states of america a teacher or a nurse or a construction worker who earns fifty thousand dollars should pay higher tax rates than somebody pulling in fifty million dollars anybody who says we can't change the tax code to correct that they want to assign some plates...
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Sep 26, 2011
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warren buffett's secretary sant be paying a lower tax rate than warren buffett. somebody making $50,000 a year as a teacher shouldn't be paying a hire o'hare rate than somebody like myself or jeff who has been blessed. i don't know what you make -- jeff, but i'm guess who have been blessed by the incredible opportunities of this country. i say that because, whenever america has moved forward it is because we've moved forward together. we have to make sure that we are laying the foundation for the success of future generations and that means that each of us are doing our part to make sure we are investing in our future. with that, thank you so much for the terrific venue. i look forward to a bunch of great questions live and through whatever other -- >>> you are watching the president's town hall for linkedin. the jeff he spoke of is the ceo of linkedin on stage moderating with him on this. >> we are streaming the president's town hall meeting right now on abc7news.com so you are not going to miss a thing. we invite you to share your comments at facebook. >> the p
warren buffett's secretary sant be paying a lower tax rate than warren buffett. somebody making $50,000 a year as a teacher shouldn't be paying a hire o'hare rate than somebody like myself or jeff who has been blessed. i don't know what you make -- jeff, but i'm guess who have been blessed by the incredible opportunities of this country. i say that because, whenever america has moved forward it is because we've moved forward together. we have to make sure that we are laying the foundation for...
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Sep 1, 2011
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if warren buffett is feeling guilty that he isn't paying enough tax, warren buffett can go on a website and fill out his credit card which will accept any number he puts in there and pay a billion dollars to pay down the deficit if he wants to contribute more to the american government. the idea because warren buffett wants to pay more taxes that we are now going to create a new tax structure for people like warren buffett, again, he isn't going to pay those taxes if we raise the tax on income. we would only do it if we raise tax on capital gains and if we do that, we'll hurt more people than warren buffett and hurt this economy. >> if i'm watching this as ordinary joe on the street, i would say why isn't warren buffett paying income tax and what are you going to do about it to make sure the super rich like him do pay income tax? >> that's a really great question. most americans know the answer to that question. if you are rich enough, you can structure the way you receive income in the most tax pref engsal way. he says i'll pay more income taxes, then -- pardon? >> i said stop him. clo
if warren buffett is feeling guilty that he isn't paying enough tax, warren buffett can go on a website and fill out his credit card which will accept any number he puts in there and pay a billion dollars to pay down the deficit if he wants to contribute more to the american government. the idea because warren buffett wants to pay more taxes that we are now going to create a new tax structure for people like warren buffett, again, he isn't going to pay those taxes if we raise the tax on income....
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(laughter) that's less money than warren buffett's cleaning lady pulls out of his shower drain every week. (laughter) no,-- so-- so $700 billion of raised revenue over ten years ain't even worth the effort. i assume these folks have the same why bother attitude towards low level spending cuts. >> a national endowment for the arts, for the humannities, all those frivolous things those should all be on the chopping block. >> federal employees don't pay for parking. >> so that would get them $140 million. >> he doesn't have to waste your tax dollars and travel around in a 1.1 million luxury liner. >> why are we spending $6 million, $1 million on the first lady. >> you got to start somewhere. even when we talk about npr, a million dollars here, that's a million dollars. >> jon: oh, so when you cut t it's a million dollars. but when you tax it, it's oh, $700 billion. all we had to do to raise $700 billion is cut $700,000 nprs. it's almost too easy. but if it's revenue you want, it does happen to be another place instead of the rich that you can look for it. >> warren buffett writing how t
(laughter) that's less money than warren buffett's cleaning lady pulls out of his shower drain every week. (laughter) no,-- so-- so $700 billion of raised revenue over ten years ain't even worth the effort. i assume these folks have the same why bother attitude towards low level spending cuts. >> a national endowment for the arts, for the humannities, all those frivolous things those should all be on the chopping block. >> federal employees don't pay for parking. >> so that...
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Sep 4, 2011
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and speaking of warren buffett, your top value town should be no secret to warren buffett, omaha, nebraska. a four-bedroom house runnious about $275,000. wow. why did that top your list? >> that wouldn't by a shed in suburban -- omaha has fortune 500 companies. obviously berkshire hathaway, but also southern pacific, conagra. it has a ton of millionaires, thanks in large part to warren buffett's berkshire hathaway. it has a ridiculous unemployment rate of about 4.8%. and the great thing about omaha is the public/private partnerships to keep the downtown revitalized, to keep the kids well educated, to make it a fun, vibrant entertainment city. i went to omaha. we travelled to all these cities for our best cities report. and i actually picked omaha without high expectations, and i came away blown away by the fun you can have in nebraska. >> really fascinating. what a great list. bob, great to have you on the program. thank you so much for the information. it's really helpful. >> you're very welcome. >> bob frick joining us on value cities across the country. >>> up next on the "wall street j
and speaking of warren buffett, your top value town should be no secret to warren buffett, omaha, nebraska. a four-bedroom house runnious about $275,000. wow. why did that top your list? >> that wouldn't by a shed in suburban -- omaha has fortune 500 companies. obviously berkshire hathaway, but also southern pacific, conagra. it has a ton of millionaires, thanks in large part to warren buffett's berkshire hathaway. it has a ridiculous unemployment rate of about 4.8%. and the great thing...
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Sep 19, 2011
09/11
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warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there's no justification for it. it is wrong that in the united states of america, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. anybody who says we can't change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. they should have to defend that unfairness. explain my somebody who's making $50 million a year in the financial markets should be paying 15% on their taxes when a teacher making $50,000 a year is paying more than that. paying a higher rate. they ought to have to answer to that. and if they're pledge to keep that kind of unfairness in place, they should remember the last time i checked, the only pledge that really matters is the pledge we take to uphold the institution. we're already hearing the usual defenders saying this is just class warfare. i reject the idea that asking a hedge fund manager
warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there's no justification for it. it is wrong that in the united states of america, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. anybody who says we can't change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. they should have to...
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Sep 20, 2011
09/11
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we will get to the warren buffett issue. but the wealthy democrats, have they been paying their fair share the last two, three, four years? >> i think people who are getting special tax preferences are not paying their fair share. they are not sharing the responsibility and trying to address the challenges that our country faces. what the president was doing is laying out a long-term deficit reduction plan and says over a period of time, we have to reform our tax code in a way that eliminates preferences that benefit certain special interests and have disproportionately benefited very wealthy people. >> what do you think would be a fair share percentage of earned income that the wealthy should pay? >> well, if you go back to the 1986 reagan tax reform proposal, they had the same rate applying to both income on capital gains and dividend and earned income. so the last time we had a big tax proposal under president reagan, that was the result, an equal tax rate applied to folks who earn most of their income through investments
we will get to the warren buffett issue. but the wealthy democrats, have they been paying their fair share the last two, three, four years? >> i think people who are getting special tax preferences are not paying their fair share. they are not sharing the responsibility and trying to address the challenges that our country faces. what the president was doing is laying out a long-term deficit reduction plan and says over a period of time, we have to reform our tax code in a way that...
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Sep 9, 2011
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buffett paying more in his higher income tax rate than warren buffett's secretary pays and republicans you could hear it, republicans in the house of representatives laughed when they heard him making the warren buffett comparison. it doesn't sound like they are ready to get in there and start changing what warren buffett has to do on his tax return. >> i don't think they take that seriously. let's look at the humor in this to some extent. people like buffett have a lot of money they'll never even look at let alone spend. they don't need it. when they talk about giving back money to the government rhetorically, it means nothing until practical sense. they're not giving back the money. a lot of these republican people would say, wait a minute, if you want to make a contribution to the u.s. treasury, go ahead, buddy. i'll make it 125 a year and i do have a couple kids in school so don't talk about me being rich. i think they are very skeptical. i don't think that's smart rhetoric using warren buffett. there's something phony about it. something phony about obama himself saying i'll pay h
buffett paying more in his higher income tax rate than warren buffett's secretary pays and republicans you could hear it, republicans in the house of representatives laughed when they heard him making the warren buffett comparison. it doesn't sound like they are ready to get in there and start changing what warren buffett has to do on his tax return. >> i don't think they take that seriously. let's look at the humor in this to some extent. people like buffett have a lot of money they'll...
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than he does which is only true because all of warren buffett's income comes in the phone form of dividends and capital gains and those are taxed at a fifteen percent rate but the average person who has a salary makes three hundred thousand or two hundred thousand dollars a year they pay more. than the middle class as a percentage of what they make in fact we have more people in the united states now workers who pay zero income tax than we ever have been like forty seven percent of american workers pay your income tax they pay they pay some payroll taxes that social security stuff like that but even that is very is very progressive so i mean i know i you know i make a decent salary and i get taxed close to fifty percent of what i make when you factor in state taxes we have state the state of new york as a tax which you don't see that second level of taxation you don't see another country and then we have local taxes as well and sales taxes so that we get taxed everywhere and i know you make taxes too much higher you know the the incentive to work diminishes and the more productive elements
than he does which is only true because all of warren buffett's income comes in the phone form of dividends and capital gains and those are taxed at a fifteen percent rate but the average person who has a salary makes three hundred thousand or two hundred thousand dollars a year they pay more. than the middle class as a percentage of what they make in fact we have more people in the united states now workers who pay zero income tax than we ever have been like forty seven percent of american...
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buffett investing five billion dollars of his own money and b. of a which you could say looks like a little mini bailout and its own i'm not really convinced that we wouldn't see more bailouts here in the u.s. how bout you. i agree with you i think that more bailouts are probably nothing for a simple political reality the ad states government cannot allow all these big institutions to go down the tubes they've already invested too much they have truly become too big to fail but the problem is that the united states government for political reasons doesn't much do the right thing which is basically nationalize the spanx purge them up their toxic assets reform them we regulate them we implement people and get them or only that's what smaller weaker economies for instance iceland that's a did in two thousand and eight they just went ahead and nationalize the banks and wiped out the equity holders and started fresh like they're supposed to at the end of the day that's what bankers accuracy laws are for when you have a bankrupt institution get a small
buffett investing five billion dollars of his own money and b. of a which you could say looks like a little mini bailout and its own i'm not really convinced that we wouldn't see more bailouts here in the u.s. how bout you. i agree with you i think that more bailouts are probably nothing for a simple political reality the ad states government cannot allow all these big institutions to go down the tubes they've already invested too much they have truly become too big to fail but the problem is...
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buffett paying more in his higher income tax rate than warren buffett's secretary pays and republicans you could hear it, republicans in the house of representatives laughed when they heard him making the warren buffett comparison. it doesn't sound like they are ready to get in there and start changing what warren buffett has to do on his tax return. >> i don't think they take that seriously. let's look at the humor in this to some extent. people like buffett have a lot of money they'll never even look at let alone spend. they don't need it. when they talk about giving back money to the government rhetorically, it means nothing until practical sense. they're not giving back the money. a lot of these republican people would say, wait a minute, if you want to make a contribution to the u.s. treasury, go ahead, buddy. i'll make it 125 a year and i do have a couple kids in school so don't talk about me being rich. i think they are very skeptical. i don't think that's smart rhetoric using warren buffett. there's something phony about it. something phony about obama himself saying i'll pay h
buffett paying more in his higher income tax rate than warren buffett's secretary pays and republicans you could hear it, republicans in the house of representatives laughed when they heard him making the warren buffett comparison. it doesn't sound like they are ready to get in there and start changing what warren buffett has to do on his tax return. >> i don't think they take that seriously. let's look at the humor in this to some extent. people like buffett have a lot of money they'll...
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Sep 2, 2011
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scott fitzgerald could mean warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare
scott fitzgerald could mean warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare,...
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tell me why. >> well, first of all, warren buffett's secretary doesn't pay a higher tax than warren. he's the large jest shareholder of his company. that's the majority of his wealth. berk shyer hatberkshire hathawa. this is ridiculous to pretend warren buffett isn't paying a lot of taxes. of course, what he's paying is in capital gains. that's because he chooses to work for no salary. if he paid himself a salary through his company, he would pay a very high tax rate just like i'm paying. i mean, i'm paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? >> mike: a lot more. have you not been hearing the president? he wants to take all of it. >> medieval serfs only had to pay 35%. i wish i could be elevated to the level of a serf. >> mike: i said god asked us to pay a dime out of each dollar to take care of him. you wouldn't think the government would asked more than god was. >> we'd have a lot more to tithe if the government didn't take so much. >> mike: speaking of warren buffett, his firm is fighting the irs wanting to ge
tell me why. >> well, first of all, warren buffett's secretary doesn't pay a higher tax than warren. he's the large jest shareholder of his company. that's the majority of his wealth. berk shyer hatberkshire hathawa. this is ridiculous to pretend warren buffett isn't paying a lot of taxes. of course, what he's paying is in capital gains. that's because he chooses to work for no salary. if he paid himself a salary through his company, he would pay a very high tax rate just like i'm paying....
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scott fitzgerald could mean warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. when we design any well, the groundwater's protected by multiple layers of steel and cement. most wells are over a mile and a half deep so there's a tremendous amount of protective rock between the fracking operation and the groundwater. natural gas is critical to our future. at exxonmobil we recognize the challenges and how important it is to do this right. an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? >>> buffettism is spreading. warren buffett's idea that the rich should pay more in taxes is being picked up by the european super rich. that's in "the rewrite," next. and later, nbc news chief foreign correspondent richard engel be premiering his "day of de
scott fitzgerald could mean warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. when we design any well, the groundwater's protected by multiple layers of steel and cement. most wells are over a mile and a half deep so there's a tremendous amount of protective rock between the fracking operation and the groundwater. natural gas is critical to our future. at exxonmobil we recognize the challenges and...